Ashoka Metcast (NSE:ASHOKAMET) Debt-to-Asset : 0.10 (As of Sep. 2023)

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What is Ashoka Metcast Debt-to-Asset?

Ashoka Metcast's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹115.5 Mil. Ashoka Metcast's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₹35.1 Mil. Ashoka Metcast's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was ₹1,442.2 Mil. Ashoka Metcast's debt to asset for the quarter that ended in Sep. 2023 was 0.10.

Ashoka Metcast Debt-to-Asset Historical Data

The historical data trend for Ashoka Metcast's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ashoka Metcast Debt-to-Asset Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Asset

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0.17

0.33

0.46

0.28

0.12

Ashoka Metcast Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Asset	Get a 7-Day Free Trial												0.52	0.28	0.15	0.12	0.10

Competitive Comparison of Ashoka Metcast's Debt-to-Asset

For the Steel subindustry, Ashoka Metcast's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ashoka Metcast's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashoka Metcast's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ashoka Metcast's Debt-to-Asset falls into.

Ashoka Metcast Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ashoka Metcast's Debt-to-Asset for the fiscal year that ended in Mar. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(124.899	+	32.625)	/	1329.791
	=	0.12

Ashoka Metcast's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(115.462	+	35.09)	/	1442.218
	=	0.10

Ashoka Metcast (NSE:ASHOKAMET) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Ashoka Metcast Debt-to-Asset Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (NSE:ASHOKAMET) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

540923:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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